CLS set to expand remit
Board members of the CLS group will be considering substantial additions to the service, which could lead to matching and netting capabilities for freely tradable currencies.
At a meeting scheduled for next week, the CLS board will also review the feasibility of settlement for non-deliverable forwards, currency option premiums, futures and credit default swaps, said Jonathan Butterfield, executive vice-president at CLS in London.
The initiatives are being pushed by the members of the service
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